14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PFSI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

PennyMac Financial Services Inc stock price ended at $92.89 on Monday, after gaining 2.26%.
(Updated on May 06, 2024)

Buy candidate since May 03, 2024 Gain 2.26% PDF

The PennyMac Financial Services Inc stock price gained 2.26% on the last trading day (Monday, 6th May 2024), rising from $90.84 to $92.89. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.70% from a day low at $91.74 to a day high of $94.22. The price has risen in 7 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 257 thousand shares were bought and sold for approximately $23.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $92.99 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PennyMac Financial Services Inc stock with a 90% probability to be traded between $86.33 and $94.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PFSI Signals & Forecast

Mostly positive signals in the chart today. The PennyMac Financial Services Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $88.27 and $88.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 8.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for PennyMac Financial Services Inc stock

PennyMac Financial Services Inc finds support from accumulated volume at $91.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.48 (2.70%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $89.90 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (PFSI) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect PennyMac Financial Services Inc to open at $92.95, and during the day (based on 14 day Average True Range), to move between $90.21 and $95.57, which gives a possible trading interval of +/-$2.68 (+/-2.88%) up or down from last closing price. If PennyMac Financial Services Inc takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $91.09, some $1.80 (1.94%) from the current price of $92.89, our system finds the risk reward attractive.

Is PennyMac Financial Services Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PennyMac Financial Services Inc stock to perform well in the short-term period.

Current score: 1.596 Buy Candidate Unchanged

Predicted Opening Price for PennyMac Financial Services Inc of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$92.95 ( 0.0646%) $92.89

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PFSI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 95.43 2.73 %
R2 94.48 1.71 %
R1 93.90 1.08 %
Current price: 92.89
Support S1 92.00 -0.96 %
S2 91.42 -1.59 %
S3 90.47 -2.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 92.89
Support S1 91.09 -1.94%
S2 87.00 -6.34%
S3 86.20 -7.20%

PFSI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 13, 2024 May 13, 2024 May 24, 2024 $0.200 0.215%
2 Feb 01, 2024 Feb 12, 2024 Feb 23, 2024 $0.200 0.230%
3 Oct 26, 2023 Nov 10, 2023 Nov 22, 2023 $0.200 0.256%
4 Jul 27, 2023 Aug 14, 2023 Aug 25, 2023 $0.200 0.290%
5 Apr 27, 2023 May 15, 2023 Aug 25, 2023 $0.200 0.290%

FAQ

What is the symbol for PennyMac Financial Services Inc Stock and on which exchange is it traded?
The symbol for PennyMac Financial Services Inc is PFSI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell PennyMac Financial Services Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PennyMac Financial Services Inc stock to perform well in the short-term period.

How to buy PennyMac Financial Services Inc Stock?
PennyMac Financial Services Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PennyMac Financial Services Inc Stock.

What's the current price of PennyMac Financial Services Inc Stock?
As of the end of day on the May 06, 2024, the price of an PennyMac Financial Services Inc (PFSI) share was $92.89.

What is the 52-week high and low for PennyMac Financial Services Inc Stock?
The 52-week high for PennyMac Financial Services Inc Stock is $4.25 and the 52-week low is $1.76.

What is the market capitalization of PennyMac Financial Services Inc Stock?
As of the May 06, 2024, the market capitalization of PennyMac Financial Services Inc is 4.73B.

When is the next earnings date for PennyMac Financial Services Inc?
The upcoming earnings date for PennyMac Financial Services Inc is Jul 25, 2024.
Click to get the best stock tips daily for free!

About PennyMac Financial Services Inc

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment eng... PFSI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT